The table below is a compilation of Nigeria’s latest leading economic indicators. It includes all the leading macro and microeconomic data in Nigeria.

The information is sourced from government agencies such as the National Bureau of Statistics, Central Bank, NNPC Etc.

This table is updated periodically by the Nairametrics team as information becomes available.

Data SetLatestPreviousSourcePeriodFrequency
Inflation Rate13.3414.33NBSMar-18Monthly
GDP Growth Rate1.92%1.40%NBSOct - Dec 2017Quarterly
Unemployment Rate18.80%16.20%NBSJul - Sep 2017Quarterly
Balance of Trade (N'billions)506.5719.4NBSApr - June 2017Quarterly
GDP Growth Rate1.92%1.40%NBSApr-Jun 2017Quarterly
GDP Annual Growth Rate0.82%-1.58%NBS2017Yearly
Labour StatsFrequency
Unemployment Rate18.80%16.20%NBSJul - Sep 2017Quarterly
Underemployment Rate21.20%21.10%NBSJul - Sep 2017Quarterly
Labour force85,08883,940NBSJul - Sep 2017Quarterly
Fully Employed Persons - in thousands51,06052,675NBSJul - Sep 2017Quarterly
Underempoyed Persons - in thousands18,02917,678NBSJul - Sep 2017Quarterly
Unemployed Persons - in thousands15,99813,585NBSJul - Sep 2017Quarterly
Youth Unemployment Rate43%45.65%NBSJul - Sep 2017Quarterly
Inflation Rate13.3414.33NBSMarch' 2018Monthly
Core Inflation Rate11.2%%11.70%NBSMarch' 2018Monthly
Food Inflation16.08%17.59%NBSMarch' 2018Monthly
Inflation Rate MoM0.84%0.79%NBSMarch' 2018Monthly
Monetary StatsFrequency
MPR14%14%CBNApril' 2018Monthly
Cash Reserve Ratio22.50%22.50%CBNApril' 2018Monthly
Liquidity Ratio30%30%CBNMarch' 2018Monthly
Foreign Exchange Reserves ($'million)47,36246,257CBNApril' 2018Monthly
Saving Deposit Rate4.07%4.07%CBNMarch' 2018Monthly
Interbank Rate15.16%26.19%CBNMarch' 2018Monthly
Prime Lending Rate17.35%17.53%CBNMarch' 2018Monthly
Maximum Lending Rate31.55%31.40%CBNMarch' 2018Monthly
External Trade & InvestmentsFrequency
Balance of Trade (N'billions)1798.31088.3NBSOct - Dec 2017Quarterly
Exports (N' Trillion)3.93.5NBSOct - Dec 2017Quarterly
Imports (N'Trillion)2.112.48NBSOct - Dec 2017Quarterly
Foreign Portfolio Investment ($'m)$2,767.42 $770.51NBSJul - Sep 2017Quarterly
Foreign Direct Investment ($'m)$117.60$274.37NBSJul - Sep 2017Quarterly
Energy Sector
Crude Oil exports (N'Trillion)3.22.9NBSOct - Dec 2017Quarterly
Non- crude oil exports (N'Billion)656604.2NBSOct - Dec 2017Quarterly
Crude Oil as a %age of exports83.20%83.10%NBSOct - Dec 2017Quarterly
Exports as a percentage of total trade64.90%59.00%NBSOct - Dec 2017Quarterly
Average daily crude oil production (barrels)1,953,4361,878,217NNPCJune' 2017Monthly
Crude Oil Production (barrels)58,603,06558,224,738NNPCJune' 2017Monthly
Power Generation (MW)1,9632,503NBSMay' 2017Monthly
Public Debt
Total Public Debt (million)$70,99DMODecember' 2017Annually
Total Public Debt (N trillion)N21.72December' 2017
Local debt (N trillion)N12.58DMOMarch'2018
External Debt (million)$18,913.44 DMODecember' 2017Quarterly
Fiscal Spending
Government Budget (N'trillion)8.67.3NASSJan - Dec 2018Annually
Budgeted Capital Expenditure (N'trillion)2.422.24NASSJan - Dec 2018Annually
Budgeted Recurrent Expenditure (N'b)3.49NASSJan - Dec 2018Annually
Budgeted Debt service (N'trillion)2.011.66NASSJan - Dec 2018Annually
FG Revenues (N'billion) - Actual vs Budget1,4972542Budget OfficeJan - June 2017Half year
FG Expenditure (N'billion) - Actual vs Budget1,2743,721Budget OfficeJan - June 2017Half Year
Government Deficit (N'billion)755.24144.98Budget OfficeJul - Sep 2017Quarterly
Actual/Budget - Net Federation Revenue (N' billion)1,596.56Budget OfficeJul - Sep 2017Quarterly
Gross Oil Revenue (N'billion)1270.62Budget OfficeJul - Sep 2017Quarterly
Gross non-Oil Revenue (N' billion)952.97684.46Budget OfficeJul - Sep 2017Quarterly
Gross Tax Revenue (N'billion)380.95396.2CBN MRJan - May 2016Quarterly
Business Edge
Competitiveness Rank125127DBRJan - Dec 2017Annually
Corruption Rank148136DBRJan - Dec 2017Annually
Ease of Doing Business169170DBRJan - Dec 2017Annually
Starting a business (World)130135DBRJan - Dec 2017Annually
Manufacturing Pmi56.956.7CBNApr-18Monthly
Non Manufacturing PMI57.557.2CBNApr-18
Household Cosumption - GDP (N'b)73,821.37NBSJan - Dec 2016Annually
Home remittances ($'billions)2213.68CBNJan - Dec 2017Yearly
Private Sector Credit (N'billion)22,443.0022,621.00CBNMar-18Monthly
Fuel Prices145Monthly
Corporate Tax Rate30%Legislated
WHT - Individuals5%Legislated
WHT - Corporates10%Legislated
Education Tax2%Legislated
Capital Gains Tax10%Legislated
Pioneer Tax Incentive3-5 yrsLegislated



  1. Hi guys,

    Your GDP from manufacturing data is definitely wrong. I think that should be from Services.


  2. Let us cereberate in Nigeria.LET US GIVE THIS PRESENT GOVT TIME,Their first budget was design for education and human development,which will take at least for one year for any programme to take,you can lead a horse to a stream to drink ,you cannot force the horse to drink,they are dealing with human being,old habits never died.this medium strategic economic plan announced a few weeks ago was designed to integrate the private sector into govt objective,through their dialogue.i have read in nairaland that the prices of a bag of onions have clashes by 100 %.once they see it,they will work through their dialogue for (1)Graduate employment and enterprenuers scheme (2) manufacturers (3) their economic plan for farmers have started to shown dividend,recent report have shown that they have directed the Bank of Agriculture to charge a single bank interest rate.
    They plan to raises taxes through mobile phones for texts and talks.i am for it,because it will achieve atleast 3 objectives,not only about new revenue(!),it will introduces critical think for consumers and investors (2)controls the economy,even tame inflation, decisipline Nigerian economic habitit will help Nigerian consumer think harder,their is no national economy,that is totally free.e.t.c
    Govt plans to also raises fund through bank transaction transfer,but I feel they can do better than that .Mr. Magu have said financial crime suspect, have avoided bank financial transfer,any Nigerian who wonders what I am talking about,should log into youtube about Mr James obori,the former governor of Delta State,you will see all corners in that house filled with foreign currency,where he tried to bribe Ribadu (the former head of effc) to about 11 million dollar stuffed in shopping bag.
    Govt should also explode the possibility introducing road taxes for vehicle according to the powers of the vehicle,.local govt area can introduces parking fines for illegal packing or packing in exclusive area.

  3. Apply and get a loan[business loans,Agric loans,etc]without collateral,anywhere in nigeria at 3% interest rate..

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